HomeMy WebLinkAbout1949-08-01 Min - Board'lruewee, Ca?_i fornia
August 1.. , lc'49
The members of the Foard of Directors of the TruckeePu�,I is
Utility District net in special meeting at the office of the
District on wain St., Truckee at 8 F M. , E L Loynd, president,
presiding,
Upon roll call the following directors were rioted present:
B 144 Reynolds C R Heller E 1, Loynd
President Loynd announced that the meeting was called .for the
cz
purpose of considering engineer Macabee's report on the water
system of Truckee, for which a bond issue of $150,000. was
suggested by the engineer.
There was also for consideration a letter from Mr. T L Chamberlain,
under date of July 28th, regarding the contemplated loan from the
Bank of America and enclosing Resolutions covering same.
The engineer's report was read and after consideration of the
same , it was the unanimous opinion of tr e Board that=:;`"150 , 000.
bo=-.d issue was not justified at this time, due to the high cost
of material and the opinion of t r e memo ers that such a bond
issue would not meet with anrroval of the voters,
Manager Edmunds outlined the work that might be accomplished
under a �4W�15, 000. loan. Resolution #4921 attac?l ed hereto and made
a hart of these minutes was read, and It was moved and unanimously
carried that the Resolution k-.:e adopted, and that the District
proceed with the work outlined by the manager,
The manager was instructed to notify engineer l�-acabee of the de-
cision of the Board and also request that he mike a report on a
water -ystem for the Donner Lake area, recently annexed,
No further business appearir-.g, Board _adjourned,
. %14 t
Ex-0_fficio Secretary Pr sidt
1
2
RESOLLIT 101� N0 , LAd?.C�
3 The Board of Directors of the Truckee Public utility
4 District havin determined that the public interest requires
5 addition and betterments to the present existing s7,rstem of works
6 for furnishing- the inhabitants of the District with water;
7 Q j.�..Lu t f� L B II ►COL ED, that the sum of Fifteen
8 Thousand Dollars (015,000) be borrowed b-�.T said District from
9 such bank, bankin corporation, corporation, individual or in-
10 dividuals as shall be willing to loan said sum to the District
11 d a rate of interest of not to exceed five (5b�_') per cent per
12 annum, payable monthly, said principal sum to be reparable in
13 annual instalments of not less than Three Thousand Dollars
14 (0,000) each, said sum to be -used so far as is necessary in
15 defra�rin the cost of additions and bett em ents to the present
is s first em. of works for furnishing the inhabitants of the District
17
with water.
18 DE IT IURLTI-M"R ISOLVED that L. Loynd, President of the
19 Board, and 0 . Edmunds, Clerk and General Manager of t1ie District,
20
be and they are �ereb� authorized to execute in the name of the
21 District and deliver to such bank, banlin cor loration , c orpor a-
22 t ion , individual, or individuals as may loan said funds to the
23 District, a promissory note of the District for such sum. of
24 mone�r so loaned; and
25 BEIT1.TR PL`` LvD that C. Edmunds, the Clerk and
26 General i-` anager of the Board be and he i herebTT a �� ri
C, s ., , ut o z e d
27 to deliver to said bank, banking, corporation corporation in-
1 ? L
28 dividual, or individuals a copy of the resolution, under the seal
29 of the District, as evidence of tALi--L
ze autority of to said
30 Directors to m1ce said loan and execute t 1,.e Dro ,isorry note as
31 above stated.
32
_1_
4MBERLAIN
4 EY AT LAW
INTY BANK SLOG.
q
CALI FO RN IA
I, C the undersigned, Cler'H and General
2 Eanager of the Board of Directors of t'?ie Truckee Public Utilitv
3 0
District, do hereb�T certify that I aLi t1ie Clerk 91 the said
District, and that the fore is a full, true and correct
4 lb
coo'u.'� -ie resolution -nassed by the Board of Directors of the
-ov '
5
Said D trict at a meet Lrig of the said Board held o-n t1ae
e
day o, 19"o, a"11-77 convened- at t'I'le o-ff ice
7
8 of e said District, Mid -Gh'-1A a majority of the Board riiembers
t hat ti o lu-, full
9 were present and actin.fand ale r e s �ion is In' -L
-0
10 iorce and effect cmad has not been --.,,,evoked.
11
oe
12
01'erk
13 Truckee Public Utility District
14 L-A t e s
15
depft
16 Truc,�ee Pub C Utilit�T District
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
kMBERLAIN
EY AT LAW
NTY BANK SLOG.
CALIFORNIA